Closed

$69,000

224 S 16th St, Olean, NY 14760

2beds

1,120sqft

Single Family Residence

Built in 1940

5,074.74 Square Feet Lot

$-- Zestimate^®

$62/sqft

$1,522 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,522/mo

Zestimate^® history

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Owner options

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$1,522/mo

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$1,522/mo

Rent Zestimate^®

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$433/mo

Est. payment

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$433/mo

Est. payment

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What's special

Discover the potential in this charming 2-bedroom, 2-full-bath home featuring beautiful hardwood floors and granite countertops that bring warmth and modern appeal to the open floor plan. The layout offers a bright living area that flows smoothly into the kitchen and dining spaces, creating an easy, comfortable feel throughout. One of the property's standout features is the amazing two-car garage, perfect for parking, storage, or hobby space—an amenity that adds tremendous value. Please note: the home does require significant foundational repair, making this an excellent opportunity for an investor, contractor, or buyer looking to add equity with renovations. Due to the scope of the work, only strong 20% conventional financing or cash offers can be considered. With appealing finishes, flexible living space, and a great garage, this home has incredible upside for the right buyer. Bring your vision and make it your next project!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2
Main level bathrooms: 1

Heating

Gas, Forced Air

Appliances

Included: Electric Oven, Electric Range, Gas Water Heater
Laundry: Main Level

Features

Breakfast Bar, Ceiling Fan(s), Separate/Formal Living Room, Granite Counters, Kitchen Island
Flooring: Hardwood, Varies
Basement: Partial
Has fireplace: No

Interior area

Total structure area: 1,120
Total interior livable area: 1,120 sqft

Property

Parking

Total spaces: 2
Parking features: Attached, Garage, Garage Door Opener
Attached garage spaces: 2

Features

Levels: Two
Stories: 2
Exterior features: Concrete Driveway

Lot

Size: 5,074 sqft
Dimensions: 35 x 145
Features: Corner Lot, Rectangular, Rectangular Lot, Residential Lot

Details

Parcel number: 04120009406300050480000000
Special conditions: Estate

Construction

Type & style

Home type: SingleFamily
Architectural style: Historic/Antique,Two Story
Property subtype: Single Family Residence

Materials

Vinyl Siding, Copper Plumbing
Foundation: Stone

Condition

Resale
Year built: 1940

Utilities & green energy

Electric: Circuit Breakers
Sewer: Connected
Water: Connected, Public
Utilities for property: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected

Community & neighborhood

Location

Region: Olean

Other

Other facts

Listing terms: Cash,Conventional

Price history

Date	Event	Price
4/2/2026	Sold	$69,000-1.3%$62/sqft
Source: NYSAMLSs #R1651751 Report a problem
3/6/2026	Pending sale	$69,900$62/sqft
Source: NYSAMLSs #R1651751 Report a problem
12/4/2025	Price change	$69,900-22.2%$62/sqft
Source: NYSAMLSs #R1651751 Report a problem
11/20/2025	Listed for sale	$89,900+1023.8%$80/sqft
Source: NYSAMLSs #R1651751 Report a problem
10/19/1999	Sold	$8,000$7/sqft
Source: Agent Provided Report a problem